Stock Traders Buy High Volume of Super Micro Computer Call Options (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) saw unusually large options trading activity on Tuesday. Traders purchased 832,125 call options on the stock. This represents an increase of approximately 36% compared to the average volume of 610,698 call options.

Super Micro Computer Stock Performance

Shares of SMCI traded up $7.89 during trading hours on Tuesday, hitting $55.80. The company had a trading volume of 160,139,150 shares, compared to its average volume of 58,585,977. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 28.01 and a beta of 1.30. The business has a fifty day moving average of $33.66 and a 200-day moving average of $39.82. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. boosted its position in Super Micro Computer by 391.8% during the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after buying an additional 61,071 shares during the period. Assetmark Inc. increased its stake in Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after purchasing an additional 93,569 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in Super Micro Computer during the 4th quarter valued at $635,000. Nepsis Inc. bought a new stake in Super Micro Computer during the 4th quarter valued at $13,625,000. Finally, Sanctuary Advisors LLC boosted its holdings in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after acquiring an additional 21,997 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SMCI shares. The Goldman Sachs Group decreased their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Loop Capital boosted their price target on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average price target of $60.20.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.